Doximity, Inc.

Filing receipts

“Cost of revenue, gross profit, and gross margin Fiscal Year Ended March 31, Change 2026 2025 $ % (in thousands, except percentages) Cost of revenue $ 70,326 $ 55,874 $ 14,452 26 % Gross profit $ 574,537 $ 514,525 $ 60,012 12 % Gross margin 89 % 90 % Cost of revenue for the fiscal year ended March 31, 2026 increased $14.5 million as compared to the fiscal year ended 2025, primarily driven by a $5.6 million increase in hosting and software costs and a $2.5 million increase related to amortization of an acquired intangible and internally developed software.”

“Sales and marketing Fiscal Year Ended March 31, Change 2026 2025 $ % (in thousands, except percentages) Sales and marketing $ 163,648 $ 145,713 $ 17,935 12 % Sales and marketing expense for the fiscal year ended March 31, 2026 increased $17.9 million as compared to the fiscal year ended 2025, primarily driven by a $13.1 million increase in stock-based compensation as a result of new awards granted to new hires and existing employees, and a $6 million increase in marketing activities.”

“Operating Expenses Research and development Fiscal Year Ended March 31, Change 2026 2025 $ % (in thousands, except percentages) Research and development $ 130,702 $ 93,038 $ 37,664 40 % Research and development expense for the fiscal year ended March 31, 2026 increased $37.7 million as compared to the fiscal year ended 2025, primarily driven by a $28.6 million increase in stock-based compensation as a result of new service-based as well as performance-based awards granted to new hires and existing employees, a $4.9 million increase in personnel costs due to merit increases and increase in average headcount, a $3.7 million increase in third-party contractor costs, a $1.5 million increase in...”